9909 Hagen Rnch Rd Boynton Beach, FL 33437

This exceptional investment opportunity presents a freestanding, single-tenant Truist Bank branch located at 9909 Hagen Ranch Road, Boynton Beach, Florida. Built in 2010 as a build-to-suit, this 3,773 square foot property sits on a 0.94-acre lot and boasts a strong 7.00% cap rate with a Net Operating Income (NOI) of $391,553. The absolute triple-net (NNN) ground lease features a corporate guarantee from Truist Bank, rated 'A-' by S&P, providing significant financial security. With 5.4 years remaining on the lease (expiring March 31, 2030, commencing July 1, 2007), the lease includes four 5-year renewal options and a 12.5% rent increase every five years. The property benefits from its prime location on a high-traffic corner (73,500+ vehicles per day), within an affluent area with an average household income exceeding $112,000 within a 5-mile radius. The surrounding community boasts a population of 204,500 residents, and the property has experienced remarkable 46% deposit growth since 2018. The property's proximity to a 9-acre retail development (including a new Publix) and Baptist Health Hospital further enhances its value. The asking price is $5,594,000 ($1,482.64 per square foot). This is a low-maintenance, high-return investment with minimal landlord responsibilities.